accountancy regulation Archives - Whitefield Tax - Isle of Wight Accountants

Revenue recognition – what’s changing?

by Jessica Garbett | Aug 21, 2025 | ACCA, accountancy regulation, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New requirements under FRS 102 are coming into effect New revenue recognition requirements under FRS 102 are coming into effect. On 27 March...

Going Concern Basis of Accounting and Related Reporting (including Solvency and Liquidity Risks)

by Jessica Garbett | Mar 19, 2025 | ACCA, accountancy regulation, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA FRC releases new guidance On 25 February 2025, the Financial Reporting Council (FRC) published updated ‘Guidance on the Going Concern Basis...

ACCA – Charities facing switch to accruals accounting

by Jessica Garbett | Oct 16, 2024 | ACCA, accountancy regulation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New ACCA factsheet explains the switch Charity trustees across the UK and Ireland are responsible for keeping accounting records and...

A new international accounting standard for not-for-profits

by Jessica Garbett | Aug 26, 2024 | ACCA, accountancy regulation, business issues, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Is a move away from GAAP and SORP on the horizon fro Non Profits? The Charities Statement of Recommended Practice (SORP) is a very familiar...

Increasing UK company size thresholds

by Jessica Garbett | May 16, 2024 | ACCA, accountancy regulation, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Exploring efforts to ease the burdens placed on business in respect of non-financial reporting On 18 March 2024, the government announced its...

ACCA – Ten things to know when checking audit thresholds

by Jessica Garbett | Jul 27, 2022 | ACCA, accountancy regulation, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Top tips to help with challenges when applying thresholds Although the audit thresholds are set out in legislation, the application of it can...

« Older Entries

Revenue recognition – what’s changing?

Going Concern Basis of Accounting and Related Reporting (including Solvency and Liquidity Risks)

ACCA – Charities facing switch to accruals accounting

A new international accounting standard for not-for-profits

Increasing UK company size thresholds

ACCA – Ten things to know when checking audit thresholds

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